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3111 Karen Drive
About This Property
This dream home has been renovated over the years with new hurricane impact windows & doors, updated kitchen & new metal roof. 1-story living with garage, open floor plan, vaulted ceilings, 1st floor master bedroom & stunning panoramic water views. Located close to the Beach, just north of Atlantic Ave. Living area opens to the private covered patio & fenced back yard through 3 sets of French glass door The back patio with wood ceiling has electric roll-down screens for added privacy. The private property is great for entertaining with room for a future pool of your dreams. Public water & sewer offers plenty of options when planning future construction projects.
This highly sought-after pet friendly East Delray community along the Intracoastal Waterway is less than 3 miles north of Atlantic Ave & the beach. Tradewinds has only one entry into the neighborhood & NO drive-through traffic, NO Mandatory HOA Rules or Fees.
A great family neighborhood for walking your dog, jogging or biking. Atlantic Ave is located less than 3 miles away and your only minutes from your favorite restaurants, unique shops, entertainment and the sands of Delray Beach.
Take a boat cruise up the Intracoastal Waterway North to the Ocean, and your favorite deep-sea fishing spot. Sail south to Lake Boca where boaters anchor all day as they swim and mingle in the shallow sandbars of South Florida.
A voluntary homeowner's association maintains fee of $120 is used to maintain the front entrance.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2022 | No longer available | - | |
| No longer available | |||
| Mar 24, 2022 | Listed by Jack Keller Inc | $4,700,000 | |
| Listed by Jack Keller Inc | |||
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Wake up to unfiltered sunrises every morning in this charming, direct, deep water intercoastal gem! Features a built-in outdoor fireplace, hurricane impact windows and doors, built-in cabinets with vaulted wooden beam ceilings, 16,000 lbs. 4-post Neptune boat lift and more. Property is currently occupied until September 1st. Please call for details. The manager has listed the unit size as 1981 square feet.
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| Sep 15, 2020 | Sold | ||
| Sold | |||
| Feb 11, 2020 | Listed by Lang Realty/Delray Beach | $1,548,900 | |
| Listed by Lang Realty/Delray Beach | |||
| Dec 11, 2014 | Sold | ||
| Sold | |||
Property Highlights
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About Trade Winds Estates South
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